Prepare Financial Report for corporate entities

Generate the full report by explaining each point?

Prepare Financial Report for corporate entities

Explain the following with appropriate example:

A. Compile and analyse data

1. Systematically code, classify and check data for accuracy and reliability according to organizational policy, procedures and accounting standards.

2. Use conversion and consolidation procedures to compile data according to organizational policy and procedures.

3. Transfer data to computerized systems as required

4. Record valuations in compliance with accounting standard

5. Identify and record effects of taxation